A stunning scam that saw Nigerian oil company Lekoil discover a loan it had purportedly secured from the Qatar Investment Authority was fake could harm Nigeria’s efforts to plug a growing gap left by international oil and gas companies.
24 Jan 2020
The UK and African governments launched a series of new initiatives during a high-profile investment and trade summit hosted in London this week, but despite the hype around the potential for post-Brexit free trade opportunities, some observers remain relatively underwhelmed.
23 Jan 2020
The USD1.8bn holistic financing included a local currency bond, Eurobond and loan, making it the largest corporate debt deal on the African continent.
23 Jan 2020
UK-based development finance institution CDC Group has announced a raft of new deals with Africa-based counterparts totally USD400mn, mostly to support small and medium-sized businesses across the continent.
21 Jan 2020
Niger State Governor Alhaji Abubakar Bello has written to the House of Assembly to request legislative approval to issue up to NGN25bn (approx. USD69mn) in sukuk.
21 Jan 2020
Despite a relatively positive outlook for EM banking sectors loan growth in 2020, a troubling macro backdrop will continue to weigh on the sector in South Africa throughout 2020, according to a recent report from UBS.
17 Jan 2020
Growth among West African Economic and Monetary Union (WAEMU) countries is expected to hold steady at 6.4% in 2020, according to World Bank figures, while growth prospects in some of the continent’s largest economies remain mixed.
15 Jan 2020
While the economic reforms of the past three years have pushed the country in the right direction and helped reduce the fiscal deficit, the interest bill is going to determine the scale of fiscal improvement in Egypt in the coming years, Moody’s said in a recently published paper.
13 Jan 2020
While concerns about sustainability of current debt levels remain, a positive story and juicy yields draw in over USD8bn worth of orders for the sovereign issuance.
8 Jan 2020
Nigeria’s recent attempt to retrospectively tax international oil companies was seen by many as an attempt to desperately plug gaps in the country’s budget. But the government’s strained relationship with the country’s largest revenue generating sector is merely a symptom of much deeper issues: patchy revenue generation, ineffective institutions, and rising policy risk.
20 Nov 2019
Kenya currently faces an infrastructure financing gap of USD4bn, according to data from the World Bank, with the government’s recent borrowing spree unlikely to plug it. Bonds & Loans hosted an exclusive breakfast roundtable discussion with bankers, developers, and investors to explore the bottlenecks preventing local institutions from investing Kenyan money in Kenyan projects.
6 Nov 2019
All is not well in the largest economy on the African continent. Nigeria faces an array of issues, largely the result of internal political problems. Bonds & Loans speaks with Cheta Nwanze, Head of Research at SBM Intelligence, about public debt, central bank independence, and growing political risk in Nigeria.
30 Oct 2019